Guinness owner Diageo begins next phase of GBP4.5 billion buyback

(Alliance News) - Diageo PLC will start on Friday the next tranche of its return of capital ...

Alliance News 26 November, 2021 | 8:35AM
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(Alliance News) - Diageo PLC will start on Friday the next tranche of its return of capital programme of up to GBP4.5 billion to shareholders by June 2024.

In January 2020 the brewer and distiller completed the first phase, which saw over GBP1.25 billion returned to shareholders, with the second phase ending earlier in November and returning GBP450 million.

Now, for the third phase, Diageo is looking to buy back up to GBP550 million worth of shares by March 4, 2022.

Shares in the Guinness and Smirnoff brands owner were 3.0% lower at 3,794.16 pence each in London on Friday morning.

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Diageo PLC 3,672.00 GBX -2.28

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